Education
About Us
Working with TipRanks
Follow Us
Green Thumb Industries (OTC) (TSE:GTII)
:GTII
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -0.10%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Green Thumb Industries demonstrated strong financial performance with record revenue and EBITDA, a robust cash flow, and successful expansion efforts. However, challenges such as continued pricing pressure and skepticism regarding federal reform remain. Despite these challenges, the company's strategic initiatives and market share gains indicate a positive outlook.Company Guidance
In the fourth quarter of 2024, Green Thumb Industries reported record revenue of $294 million and an adjusted EBITDA of $98 million, representing a 33% margin, despite facing pricing pressures in the cannabis market. The company's full-year 2024 cash flow from operations was $195 million after paying $131 million in taxes. Green Thumb ended the year with a strong balance sheet, which included $172 million in cash and $239 million in working capital. The company also successfully negotiated a $150 million syndicated bank loan to retire $225 million in senior secured debt, extending its financial runway by five years. Green Thumb opened 10 new stores in 2024, bringing the total to 101, and invested $80 million in CapEx, focusing on growth in markets such as New Jersey, Virginia, Connecticut, and Florida. The company plans to maintain a similar level of capital expenditure in 2025, with a focus on store renovations, relocations, and strategic wholesale investments.Record Revenue and Adjusted EBITDA
Green Thumb Industries achieved record revenue of $294 million and a record adjusted EBITDA of $98 million, marking a 33% margin.
Strong Cash Flow and Balance Sheet
The company reported a full-year 2024 cash flow from operations of $195 million after paying $131 million in taxes, ending the year with a strong balance sheet and a cash position of $172 million.
Successful Expansion and Market Share Gains
Green Thumb opened 10 new stores in 2024, reaching a total of 101 stores. The company also made significant market share gains in Ohio, Florida, Illinois, New Jersey, Maryland, Minnesota, and Pennsylvania.
Innovation and Strategic Partnerships
The company invested in Agrify for THC beverages and partnered with Magnolia Bakery for edibles. It also launched a partnership with The Salt Shed music venue in Chicago.
Strong Performance in Consumer Packaged Goods
Consumer packaged goods net revenue increased 22% versus the prior year period, driven by growth in New York, New Jersey, and the addition of adult-use sales in Ohio.
---
TSE:GTII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:GTII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | C$10.05 | C$10.40 | +3.48% |
| Nov 07, 2024 | C$12.81 | C$12.41 | -3.12% |
| May 08, 2024 | C$17.00 | C$17.37 | +2.18% |
| Feb 28, 2024 | C$17.12 | C$17.00 | -0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Green Thumb Industries (OTC) (TSE:GTII) report earnings?
Green Thumb Industries (OTC) (TSE:GTII) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Green Thumb Industries (OTC) (TSE:GTII) earnings time?
Green Thumb Industries (OTC) (TSE:GTII) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GTII EPS forecast?
TSE:GTII EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
---